Regulatory Engagement
Last updated
Last updated
Tokery is proactive in engaging with regulators and ensuring its model fits within existing legal frameworks:
In the US, we structure offerings under exemptions like Regulation D (Rule 506c) for private offerings or Regulation S for offshore investors, where applicable. Tokens can also be structured as Reg CF or Reg A+ offerings in the future to include retail investors under regulated crowdfunding – those pathways are being explored.
In the EU, we align with MiCA (Markets in Crypto-Assets Regulation) as it comes into effect, and existing laws like the Prospectus Regulation and crowdfunding regulations. For security-like tokens, we ensure that either a prospectus is filed or an exemption is used (like offering to <150 people in one member state or only to qualified investors).
We maintain a Legal & Compliance Center (available on our website) that publishes information about where Tokery is active and under what conditions. For instance, certain high-risk jurisdictions are explicitly disallowed. We also have clear disclaimers that using $TOFI does not equate to ownership of assets – this clarity of communication is part of compliance and managing user expectations.
Tokery Foundation: We plan to establish an independent foundation to oversee the Tokery protocol’s governance and compliance standards, especially as the system becomes more decentralized. This foundation will help liaise with regulators globally and possibly seek licenses where needed (for example, an e-money license if we ever custody fiat, or broker-dealer licenses in certain jurisdictions if Tokery starts facilitating securities trading directly).